What was the amount of deferred revenue for Ledgers (non-current) in 2023?

According to Ledgers's 2025 Franchise Disclosure Document, the non-current deferred revenue for 2023 was $53,989. This figure represents revenue that Ledgers has received but not yet earned as of the end of that fiscal year. For a potential franchisee, this indicates the amount of revenue Ledgers has from obligations that extend beyond the current accounting period.

Deferred revenue typically arises from initial franchise fees or other payments received upfront for services or products that will be delivered over time. The non-current portion specifically refers to the revenue that will be recognized beyond the next 12 months. This liability reflects Ledgers's obligation to provide future services or products for which they have already been paid.

It is important to note that during 2023, Ledgers underwent a restatement of its financial statements. This restatement involved adjustments to correct errors related to a terminated franchise agreement that was not properly written off in the initial reporting period. The restatement particularly affected balances for notes receivable and deferred revenue. Therefore, the deferred revenue amount presented reflects these necessary corrections to ensure accurate financial reporting.